AI-assisted content · Illustrative image
AI-assisted content · Illustrative image
Peace Deal with Iran
Trump Announces Peace Deal with Iran, Ends Hormuz Blockade
US President Donald Trump announced Sunday evening that a peace deal with Iran has been reached, calling it 'complete'. In a post on Truth Social, Trump declared the end of the US naval blockade in the Strait of Hormuz and ordered: 'Let the oil flow! '.
Pakistani Prime Minister Shehbaz Sharif, whose country acted as mediator, confirmed the deal on social media and stated it will be signed next Friday. The pact would establish an immediate cessation of conflict on all fronts, including Lebanon.
Crude oil prices fell 12% from mid-last week in anticipation of the deal. Before the war, approximately 20% of the world's oil and liquefied natural gas passed through that waterway, whose disruption caused the greatest oil supply shock in history.
On Monday, Trump indicated the strait is partially open and mines are being cleared, with full reopening expected by Friday. Iranian Foreign Ministry spokesperson Esmail Baghaei said tolls would be removed, but left open the possibility of charging fees for services.